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Harvard

Harvard Faces $150M. Drop in Donations amid Controversial Handling of Antisemitism

Harvard University has suffered a $150 million drop in donations in the 2024 fiscal year as a result of the university’s handling of campus antisemitism, according to the Harvard student newspaper.

This marks a 14% decline in donations. The steepest drop came in donations to Harvard’s endowment, which fell by $193 million, a one-third reduction compared to the previous year. However, donations for immediate use increased by $42 million, showcasing a mixed philanthropic response.

The fall in contributions has put pressure on Harvard’s leadership, with interim president Alan Garber acknowledging the concerning figures, stating that “some of the new commitments have been disappointing compared to past years.”

British media noted that protests and student activism around the Israel-Hamas conflict have exacerbated tensions on campus, leading prominent donors, such as billionaire Ken Griffin and Len Blavatnik, to sever ties with the university.

Griffin, in particular, publicly criticized Harvard for failing to maintain “Western values” in the face of rising antisemitism, while Blavatnik’s foundation, which has contributed over $270 million, also suspended its financial support. (JPost / VFI News)

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